Skip to main content
ecofin

New Rules for European Mortgage Industry Agreed

08.05.2013, 13:40 GMT


Today in Brussels, EU member states’ ambassadors confirmed the agreement reached by the Irish Presidency with the European Parliament on new European mortgage credit rules.

The Mortgage Credit Directive aims to further the creation of an efficient and competitive internal market, in particular by facilitating cross-border activity as well as promoting broader financial stability by ensuring more responsible lending of mortgage credit. 

This agreement will create new rules and will strengthen the rights of future mortgage holders. It includes a number of measures that will mean more information and better protection for consumers, such as improved information to consumers, new rules on advertising to provide clearer information, and new rules in the areas of arrears and foreclosures.
 
The agreement on this important file marks the achievement of another key Presidency goal, contributing to consumer protection and strengthening Europe’s mortgage system.

ENDS

 

READ: Earlier agreement reached by the Irish Presidency with the European Parliament

Related Events

View all related events >

eu2013ie

02.07.2013, 10:29 eu2013ie Taoiseach Enda Kenny presents results of the Irish Presidency #eu2013ie in address to the European Parliament #EU eu2013.ie/news/news-item…

02.07.2013, 10:14 eu2013ie RT @IrelandRepBru Taoiseach: "Our shared identity exists beyond the realm of mere economics or currency or money." #eu2013ie #EU

02.07.2013, 10:10 eu2013ie RT @IrelandRepBru Taoiseach: "#MFF is the single, biggest investment tool we have at our disposal. We need to come together and use it forthwith." #eu2013ie

02.07.2013, 10:08 eu2013ie RT @IrelandRepBru Taoiseach: "By listening actively I believe we managed to address the main issues of concern identified by EP raised in March." #eu2013ie

02.07.2013, 10:08 eu2013ie RT @IrelandRepBru Taoiseach: "The result identifies best way to ensure that almost €1trillion for #MFF is released as soon as possible into real economy."

Contacts

picture of Paul Bolger, Presidency Spokesperson for Department of Finance

Paul Bolger, Presidency Spokesperson for Department of Finance

T:

M:

E:

picture of Deirdre Farrell, Press Spokesperson - Coreper II

Deirdre Farrell, Press Spokesperson - Coreper II

T:

M:

E:

Related News


View all related news ›